Naples Bay Resort & Marina in Naples, Fla., has joined Pyramid Global Hospitality’s independent collection, Benchmark Resorts & Hotels.
Pyramid will oversee the day-to-day operations of Naples Bay’s 85 guest rooms and suites, as well as its residential-style cottages; a 97-slip full-service marina; 31,000 square feet of retail space; three food and beverage venues; nearly 15,000 square feet of indoor and outdoor meeting and event space; and the private Naples Bay Club that features three pools, a lazy river, an adult-only swim and relaxation area, a full-service spa, a 2,500 square-foot fitness center, a TopGolf Swing Suite and a six-court tennis center.
“Naples Bay Resort & Marina is a great example of a property benefiting from committed associates and a tailored operational approach,” said Warren Fields, chief executive officer of Pyramid Global Hospitality. “Independent properties succeed when they can maintain a clear sense of identity while leveraging sophisticated operational and commercial expertise. We look forward to building on Naples Bay’s existing foundation and unique market position as a special resort destination.”
Through its Benchmark Resorts & Hotels collection, Pyramid applies a customized approach to each property, bringing expertise in independent hotel operations and commercial strategy to support on-property teams, paired with the global scale and resources needed to drive performance. Owners also benefit from enterprise-level support, including Pyramid’s proprietary NEO analytics platform, integrated marketing and food and beverage and procurement strategies.
Naples Bay Resort & Marina was acquired in a joint venture between Western & Southern Financial Group and Pyramid Global Hospitality, with Pyramid becoming the operating partner. This is the latest partnership between the two companies, building on a multi-decade relationship, including multiple hotel acquisitions and developments.
The addition contributes to Pyramid’s portfolio growth in Florida, as well as the addition of South Seas Resort, which was announced in June.